Slovak crown seen in range, mkt eyes cbank meeting

27.11.2006 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

    BRATISLAVA, Nov 27 (Reuters) - The Slovak crown was little 
changed to the euro on Monday and dealers expected only minor 
moves before the central bank's monetary policy meeting this 
week. 
    The crown traded at 35.700 to the euro <EURSKK=> as of 0845 
GMT, compared with 35.680 late on Friday. 
    The Slovak unit lost ground alongside other central European 
currencies last week as investors took profits from steady gains 
on markets in the region in the past month. 
    Dealers said they saw the crown moving between 35.600 and 
35.800 in the near term as the market waited for a new impetus 
from the central bank's rate setting meeting on Tuesday 
    The crown might weaken towards a psychological level of 
36.000 per euro if the central bank (NBS) keeps the main 
two-week repo rate unchanged at 4.75 percent, ING Bank said in a 
market report. 
    The (NBS) will be weighing differing signals when deciding 
on interest rates, such as the record strong economic growth of 
9.8 percent in the third quarter, and slowing inflation. 
    Most analysts in a Reuters poll last week predicted no 
change in interest rates in November, expecting the central bank 
to wait to see whether the detailed GDP data, due out in 
December, show rising demand-driven inflation risks. 
----------------MARKET SNAPSHOT AT 0845 GMT------------------- 
Crown/Euro <EURSKK=> 35.700 vs 35.680 on Friday (-0.06 pct)  
Crown/Dollar <SKK=>  27.260250 vs 27.250 (-0.04 pct) 
5-yr govt bond <SK5YT=RR> yield unchanged at 4.374/4.176 pct 
8-yr govt bond <SK8YT=RR> yield 4.397/198 vs 4.357/158 pct 
-------------------------------------------------------------- 
  ((Reporting by Martin Santa, editing by Gerrard Raven; Reuters 
Messaging: martin.santa.reuters.com@reuters.net; +40 21 315 
8320)) 
  Keywords: MARKETS SLOVAKIA CROWN MORNING 
    

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